Using Incentives And Disincentives For Operational Risk Management Within An Insurance Company
Operational risk management gained in the last years a higher importance in most companies acting in financial
services domain. Therefore, companies became aware of the fact that operation risk control and mitigation is an important
element in the entire system of risk management. Taking into consideration that the most causes of the operational risk
occurrence are related to human factor, this paper is aimed to highlight the fact that using the appropriate incentives and
disincentives within a company, there is an important step in mitigating operational risk.
Index Terms- Incentives, Human, Operational Risk Management.